DEF 14A: Dun & Bradstreet Holdings Sets Date for 2024 Annual Stockholders Meeting

Dun & Bradstreet Holdings will hold its annual stockholders meeting virtually on June 12, 2024, to vote on director elections, officer liability limits, executive compensation, and auditor ratification.

Summary

• Dun & Bradstreet Holdings, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on June 12, 2024, at 11:00 a.m. Eastern Time.
• Stockholders of record as of April 15, 2024, are entitled to vote.
• The meeting will address the election of 11 directors, approval of an amendment to limit officer liability, an advisory vote on executive compensation, and ratification of KPMG LLP as the independent auditor.
• The board recommends voting FOR all director nominees and FOR proposals 2, 3, and 4.
• The company's principal executive offices are located in Jacksonville, Florida.
• Dun & Bradstreet's mission is to deliver a global network of trust, enabling clients to transform uncertainty into confidence, risk into opportunity and potential into prosperity.
• The company's Data Cloud contains comprehensive information on more than 550 million total organizations as of December 31, 2023.
• The company's transformation strategy focuses on value creation, enhanced technology and data, solution innovation, and a client-centric go-to-market strategy.
• In 2023, Dun & Bradstreet achieved revenue of $2,314.0 million, an increase of 4.0% compared to the year ended December 31, 2022.
• Adjusted EBITDA for 2023 was $892.2 million, up 3.3% compared to the year ended December 31, 2022.
• The company reported a GAAP net loss of $47.0 million for 2023.
• Adjusted net income was $431.6 million, or adjusted diluted earnings per share of $1.00 for the year ended December 31, 2022.

Sentiment

Score: 7

Explanation: The document presents a balanced view, highlighting both positive financial results and areas of concern, such as the GAAP net loss. The overall tone is optimistic about the company's future prospects and strategic direction.

Positives

• The company's transformation strategy focuses on value creation, enhanced technology and data, solution innovation, and a client-centric go-to-market strategy.
• Dun & Bradstreet achieved revenue of $2,314.0 million in 2023, an increase of 4.0% compared to the year ended December 31, 2022.
• Adjusted EBITDA for 2023 was $892.2 million, up 3.3% compared to the year ended December 31, 2022.
• Adjusted net income was $431.6 million, or adjusted diluted earnings per share of $1.00 for the year ended December 31, 2022.

Negatives

• The company reported a GAAP net loss of $47.0 million for 2023.

Risks

• The Proxy Statement includes forward-looking statements that are subject to risks and uncertainties.
• The company's future results and financial condition could be affected by various factors, as detailed in the Annual Report on Form 10-K for the year ended December 31, 2023.

Future Outlook

As we continue to execute on our multi-year transformation strategy, we believe that our unique mix of high-quality revenues, blue chip client base, and focus on innovation, strong profitability and disciplined capital allocation differentiate us through our ability to continue delivering strong performance in modulating economic conditions.

Management Comments

• Knowing what data to trust and having the right tools to make data actionable is what drives our clients competitive edge, especially in todays global market.
• We see it as our duty to excel at delivering both the data and solutions to help organizations realize success.
• We are proud of strong operating results and investment returns to stockholders, as well as the future we are building.

Industry Context

Dun & Bradstreet operates in the business decisioning data and analytics industry, competing with other providers of commercial data, credit risk solutions, and sales & marketing intelligence. The company differentiates itself through the scale, depth, diversity, and accuracy of its Data Cloud, containing information on over 550 million organizations.

Comparison to Industry Standards

• The document does not provide enough information to make a detailed comparison to industry standards.
• However, the document does mention some of Dun & Bradstreet's competitors such as Intercontinental Exchange, Tyler Technologies, Thompson Reuters Corporation, MSCI Inc., Fair Isaac Corporation, Factset Research System Inc., Moodys Corporation, Costar Group, Inc., Equifax Inc., Morningstar, Inc., TransUnion and Verisk Analytics, Inc.
• A detailed comparison would require a deeper dive into the financial performance and key metrics of these companies.

Corporate Governance

Related Party Transactions

• The company has entered into agreements with entities related to its directors and executive officers, including Cannae Holdings, Trasimene Capital Management, Black Knight, and Paysafe.
• These transactions include data license agreements, consulting services, and lease agreements.
• All related party transactions have been reviewed and approved by the audit committee.

Stakeholder Impact

• The company's performance and strategic decisions impact shareholders, employees, customers, and other stakeholders.
• The proxy statement provides information relevant to shareholders' voting decisions.
• The company's commitment to corporate responsibility and ESG initiatives reflects its consideration of broader stakeholder interests.

Next Steps

• Stockholders are encouraged to vote on the proposals outlined in the proxy statement.
• The company will hold its Annual Meeting of Stockholders on June 12, 2024.
• The board will consider the outcome of the advisory vote on executive compensation when making future compensation decisions.

Key Dates

Keywords

stockholders, directors, compensation, governance, annual meeting, Dun & Bradstreet, proxy statement, officers, audit, ESG